Wrappers / Structures

Managers ill-prepared for UCITS IV, says PwC

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Many leading European asset management firms are unprepared for the impact of the Key Information Document (KID) that will accompany UCITS IV, and have not yet understood its significance, according to a new survey by PricewaterhouseCoopers and the European Fund and Asset Management Association.

One of the key compulsory changes under UCITS IV is the replacement of the existing Simplified Prospectus for UCITS with the new KID — intended to be a concise and focused presentation of information for prospective investors in UCITS funds. Despite this, 58% of survey participants have not yet considered the cost implications of necessary